Chart of the day: HUI vs. GLD

[killATwill]

http://stockcharts.com/c-sc/sc?s=$HUI:GLD&p=W&yr=3&mn=0&dy=0&i=t78357694490&r=8606


This shows the value of gold stocks relative to gold. The band is 200 weekly averages, 4 standard deviations away.

The bear market in gold stocks doesn't care about the price of gold.

Relentless!

 

[killATwill]

<br><br><a href=http://stockcharts.com/c-sc/sc?s=$HUI:GLD&p=W&yr=3&mn=0&dy=0&i=t78357694490&r=8606>better link to the chart here</a><br><br>